Latest news with #HiveEnergy
Zawya
16 hours ago
- Business
- Zawya
South Africa's $5.8bln Hive project aims to lead low-cost ammonia output
A $5.8bn project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's least expensive green ammonia for clients in Europe and Asia, an executive said. South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in the European Union and Asia for hydrogen and ammonia described as green because they are produced from renewable energy. Ammonia is used in making fertiliser and by the chemical industry and it is also the means to deliver hydrogen, which is sought after to reduce carbon emissions but is very difficult to ship or pipe. The project at the port of Coega, jointly developed by Britain's Hive Energy and South African partner BuiltAfrica, is expected to ship around one million metric tons a year of green ammonia to clients by late 2029, Hive Energy's Africa chief executive officer Colin Loubser said. "Our project, we believe, will provide the lowest-cost green ammonia globally," he said on the sidelines of an energy conference in Cape Town. The project can use existing infrastructure and ample wind and solar energy. A desalination plant on site, operated by South Africa's biggest salt-maker by volume Cerebos, for example, will also help to offset capital expenditure. Benchmarking global indices, Loubser said green ammonia was priced at around $760 a ton free-on-board, but the Coega operations could produce the commodity for less. "We can produce at $650 a tonne and still give an investor a very attractive double-digit internal rate of return," he said, adding that the company was in talks with customers in Europe, Japan and Korea. According to South Africa's Department of Trade, Industry and Competition, the country could approach $1 per kilogramme of green hydrogen by 2050. Loubser said subsidy programmes in countries such as Australia and India may pose a threat to South Africa, but that it should remain competitive in the nascent sector. Strategically situated along a major shipping route, Hive's project could eventually quadruple production to 4 million tpa, Loubser said.
Zawya
16 hours ago
- Business
- Zawya
South Africa: $5bln Coega Green Ammonia project completes 1430MW solar PV cluster development phase
As the Africa Green Hydrogen Summit kicks off in Cape Town from 12 to 13 June 2025, Hive Hydrogen South Africa announced that it has completed its 1430MW Solar PV Cluster Development phase, which will supply 40% of the Coega Green Ammonia green hydrogen project. The Coega Green Ammonia, located in Coega, Nelson Mandela Bay, Eastern Cape, is set to produce over one million tonnes of ammonia annually using renewable solar and wind energy, desalinated water from the Indian Ocean, and nitrogen extracted from the air. Developed in the Northern Cape —one of the highest average annual solar irradiation areas globally— this will be the largest Solar PV project in the country and in the Southern Hemisphere. Giles Redpath, CEO of Hive Energy, headquartered in the UK says: "This is the largest Solar PV project the Hive Energy Group has in its portfolio across 22 countries and it is a true testament to the South African government's commitment and leadership position on renewable energy and its application in producing sustainable, clean fuels." Thulani Gcabashe, chairperson of Hive Hydrogen South Africa, adds: 'Our solar development phase has been strongly supported by the South African government through the Strategic Integrated Projects Team who have assisted us throughout the extensive consent and permitting processes necessary and are very thankful for their diligence, dedication and backing. With the conclusion now of this phase, our R105bn Coega Green Ammonia Project development remains firmly on track to achieve commercial operation in Q4 2029. Additionally, we are pleased that our project's planned grid strengthening programme will unlock as much as 20,000MW of additional grid capacity for Independent Power Producers in South Africa to connect their large projects to the grid.' A consortium comprising of the French renewable energy developer and IPP company, Akuo Energy, Africoast Investments South Africa and Golden Sunshine Trading South Africa have co-developed the nine Crossroads Green Energy solar PV sites close to the towns of Philipstown, Petrusville and Vanderkloof together with Hive Hydrogen . Following the successful Environmental Impact Assessment (EIA) Records of Decision in May 2024 for 1,230MW of Solar PV, which had no objections or land claims, the Crossroads Green Energy cluster was expanded by an additional 200MW. This supplementary EIA Record of Decision has been confirmed, and most crucially, the required permits, authorisations, clearances, and consents for the Cross Roads Green Energy project sites have now all been received. Donald McGillivary and Venance da Silva, directors at Africoast Investments, highlight that Crossroads Green Energy is an exceptional 'best practice' solar power plant development that utilises a maximum of 10% of agricultural land, ensuring minimal environmental impact. Adding that this approach allows the co-existence of agricultural production and renewable energy investments, and provides a clear example of responsible and sustainable investments in green energy projects. All land is fully restored to its original state when the plant is decommissioned. Kennett Sinclair, the land and liaison manager and director at Golden Sunshine Trading, remarks that this will bring a meaningful income for more farmers over a wider area, create more sustainable agricultural enterprises, increase employment, improve the lives of communities and contribute to a cleaner environment for future generations. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Reuters
2 days ago
- Business
- Reuters
South Africa's $5.8 billion Hive project aims to lead low-cost ammonia output
CAPE TOWN, June 12 (Reuters) - A $5.8 billion project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia, an executive said. South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in the European Union and Asia for hydrogen and ammonia described as green because they are produced from renewable energy. Ammonia is used in making fertiliser and by the chemical industry and it is also the means to deliver hydrogen, which is sought after to reduce carbon emissions but is very difficult to ship or pipe. The project at the port of Coega, jointly developed by Britain's Hive Energy and South African partner BuiltAfrica, is expected to ship around one million metric tons a year of green ammonia to clients by late 2029, Hive Energy's Africa CEO Colin Loubser told Reuters. "Our project, we believe, will provide the lowest cost green ammonia globally," he said on the sidelines of an energy conference in Cape Town. The project can use existing infrastructure and ample wind and solar energy. A desalination plant on site, operated by South Africa's biggest salt-maker by volume Cerebos, for example, will also help to offset capital expenditure. Benchmarking global indices, Loubser said green ammonia was priced at around $760 a ton free-on-board, but the Coega operations could produce the commodity for less. "We can produce at $650 a tonne and still give an investor a very attractive double-digit internal rate of return," he said, adding that the company was in talks with customers in Europe, Japan and Korea. According to South Africa's Department of Trade, Industry and Competition, the country could approach $1 per kilogramme of green hydrogen by 2050. Loubser said subsidy programmes in countries such as Australia and India may pose a threat to South Africa, but that it should remain competitive in the nascent sector. Strategically situated along a major shipping route, Hive's project could eventually quadruple production to 4 million tpa, Loubser said.
Otago Daily Times
23-04-2025
- Sport
- Otago Daily Times
Student buzzing after breaking own world record
Ryan Yoon is in his final year of high school, is deputy head boy and has eight jobs. The Burnside High School student also holds the Guinness World Record for fastest man to run a half marathon while wearing a beekeeping suit. Ryan, 17, from Bishopdale, eclipsed his own world record by more than 20 minutes, finishing the Christchurch half marathon in 1hr 36min 24sec. 'I'm feeling a little sore,' he said on Tuesday. He had suffered cramp in his hamstring at the finish line. Ryan broke the world record for a half marathon in a beekeeping suit in December in Xiamen, China, in a time of 1hr 57min 35sec. The inspiration behind wearing the suit was to promote Ryan's partnership with Hive Energy and its natural sports gel. Ryan is a sales executive for the Mosgiel-based company and facilitates a running club in Christchurch, Hive Runners, under their brand. Hive Energy sponsored his races in China, where he ran four half marathons in 35 days, so he decided to create a buzz by wearing the beekeeping suit for all of them. 'The interest was the natural concept around health and performance. Honey and bees are quite sustainable,' he said. Ryan said the beekeeping suit weighed about 2-3kg. He had been conditioning himself ahead of the Christchurch race by training in the suit for three hours a week. 'Going to the gym and running on the treadmill, I had a few looks from people. I started with controlled conditions first, working up to running outside,' he said. The goal was to break one hour and 30 minutes. The suit did make it difficult. 'When you sweat it accumulates in the suit and started to get a bit claustrophobic, the more you run the heavier it gets, and I could I barely see anything.' What got Ryan home was the support from the home crowd, he said. 'Definitely the cheers of the crowd kept me going, had to fight through – it was physically demanding and I needed that mental component to keep going.' Outside of his record exploits, Ryan manages social media for Hive Runners, works at Tas Fish n Chips and is a videographer for Kebab Connection, Sweet Oasis, Yang's Fried Chicken, Mobil Riccarton, and Bishopdale Bakery and Coffee Lounge. He also manages the marketing for the kebab shop, petrol station and coffee lounge. He has been on the student council at Burnside High for five years and is deputy head boy. And he runs a minimum of 10 hours a week. 'I love it, it's good and there is that social element too.' Ryan reckons he sleeps an average six to seven hours a night. 'I'm constantly working - one eye shut and one eye open.' His next half marathon will be in Wellington in June - this time not in the beekeeping suit. 'I'll be so grateful to run normally and breath fresh air again,' he said. Ryan is unsure what he will study at university next year. 'I'm not quite set with what I want to do, I have an interest in management, sports exercise and physio – or may something with food technology,' he said.
